Stanton, IA 51573(Montgomery County)

The Sarah Farms Associates farm real estate is located in Section 28, Lincoln Township and Sections 22 & 27, Frankfort Township, Montgomery County, IA. Tract 1 is located approximately 7 miles northwest of Red Oak, IA. From the west edge of Red Oak, IA on St. Hwy. 34 go west 5 miles to Co. Rd. M37 (Box Elder Ave.), then turn right or north and proceed 5 miles to the parcel. Tracts 2 & 3 are located approximately 6 miles east of Red Oak, IA near the small town of Stanton, IA. From the north edge of Stanton, IA go north on Co. Rd. M63 (O Ave.) 2 miles to Co. Rd. H34 (200th St.), then turn right or east and proceed of a mile to the parcels. (Be watching for presale directional signs)

TRACT INFORMATION

Tract 1 311.99 Taxable Acres

FSA records indicate 282.91 cropland acres. The balance of the parcel is in grass waterways and wooded draws.

Ackmore-Colo-Judson, Marshall & Exira soils.

CSR2 is 69.5.

This tract is improved with terraces with drainage tile inlets.

Access is on the east by C Ave., on the north by 140th St. & on the south by 150th St.

Tract 2 79 Taxable Acres

FSA records indicate 76.55 cropland acres. The balance of the parcel is in a wooded draw.

Ackmore-Colo-Judson, Exira & Shelby-Adair soils.

CSR2 is 55.1.

This tract is improved with terraces with drainage tile inlets.

Access is on the south by Co. Rd. H34 (200th St.).

Tract 3 150.31 Taxable Acres

FSA records indicate 145.83 cropland acres. The balance of the parcel is in grass waterways, a wooded draw and a wooded area that was an old farmstead in the southeast portion.

Ackmore-Colo-Judson, Exira, Marshall & Lamoni soils.

CSR2 is 48.

This tract is improved with terraces with drainage tile inlets.

Access is on the north by Co. Rd H34(200th St.) & on the east by P Ave.

METHOD & TERMS

The Sarah Farm Associates, LC farms will be sold in three (3) individual tracts on a price per acre basis based on the taxable acres found in this brochure. Tract 1 will be sold first. Then we will sell Tracts 2 & 3 through the marketing method of buyers choice, whereas the high bidder can take either or both tracts for their high bid. Buyers choice auctioning will continue until both tracts have been sold. The farm will NOT be offered in its entirety or in any combinations. Bidding is not contingent upon financing, an appraisal or inspection.

Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Monday, April 18, 2022 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing on all tracts subject to a cash rent lease with tenants for the 2022 crop year. Buyer(s) will receive 100% of the cash rent for the 2022 crop year. For complete details contact the auction company.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold as is.

Sarah Farm Associates, LC - James A. Tamburro, Esq., Administrator

Iowa Real Estate Firm #F06257000

Representing Attorney:

Rick Lynch | Lynch Law Office

207 S. Washington St., Bloomfield, IA 52537

Phone: (641) 664-3188

Auction Managers:

Jim Huff (319) 931-9292

John Probasco (641) 856-7355